HYDERABAD: Hyderabad had the second-highest unsold residential inventory among India’s top seven housing markets, with 1,08,700 homes remaining unsold at the end of the second quarter of 2026, according to ANAROCK’s latest Q2 2026 Market Viewpoint report.
Only the Mumbai Metropolitan Region (MMR), with 1,92,300 unsold units, had a larger stock. Hyderabad accounted for 18% of the total unsold inventory across the seven markets, ahead of the National Capital Region (NCR), Pune and Bengaluru.
Hyderabad’s unsold stock rose 6% from 1,03,000 units in Q1 and 11% from 98,000 units a year earlier. In comparison, NCR had 89,100 unsold units, accounting for 14% of the total, though its inventory declined 2% quarter-on-quarter.
Pune had 83,800 unsold homes, unchanged from the previous quarter but up 4% annually. Bengaluru had 79,200 units, with its inventory recording the sharpest annual increase among the seven markets, rising 34%. Chennai had 33,700 unsold units, up 5%, while Kolkata had 29,700 units, an annual increase of 10%.
Across the seven markets, total unsold inventory stood at 6,16,500 units in Q2, up 3% from Q1 and 10% from Q2 2025. MMR, Hyderabad and NCR together accounted for 63% of the total unsold stock.
The rise in Hyderabad’s inventory was driven partly by a sharp increase in new supply. The city saw 17,000 residential units launched during Q2, a 53% year-on-year increase — the highest among the seven markets.
New supply was also concentrated in the upper end of the market. Homes priced above `1.5 crore accounted for 49% of Hyderabad’s launches during the quarter, while homes priced below `80 lakh accounted for just 3%.
The increase in inventory, however, does not point to a complete slowdown in demand. Housing sales in Hyderabad grew 3% year-on-year during Q2. However, new supply continued to outpace the absorption of existing stock.
The mismatch between launches and sales could become a key concern for the residential market in the second half of the year. With unsold inventory crossing one lakh units, developers may become more cautious about fresh launches and focus on selling existing under-construction stock.
The concentration of new supply in the premium and luxury segments could also push unsold inventory higher in these categories. Developers may need to align future launches more closely with absorption rates and purchasing capacity across individual micro-markets.
For buyers, higher inventory could mean more choices in ready-to-move and near-completion homes. Developers with high unsold stock may also be more willing to offer discounts, flexible payment plans and other incentives to accelerate sales.